A new report warns that up to 50% of restaurants in Ireland face closure unless an emergency grant aid package is issued by the Government. The latest Restaurants Association of Ireland report also warns that recently promoted staycations or weekends away will not be an option if the tourism and hospitality industry is not supported….
Tag Archives: small business
The State has been criticised for offering micro finance loans at an interest rate of 4.5% at a time when the country can borrow on international markets at an interest rate of zero. Speaking before the Dáil Special Committee on Covid-19, the secretary general of the Department of Enterprise, Business and Innovation, Dr Orlaigh Quinn…
It takes a lot of fortitude to start one’s own business. And in times like these it is easy to fall into belief that one’s business cannot succeed. We at Mark Kennedy & Co want to make sure you have all the knowledge and tools you need to work as effectively as possible. This is…
The Commission for Regulation of Utilities has warned businesses that they could miss out on energy savings by not talking to their suppliers to avail of the temporary Supply Suspension Scheme for companies impacted by Covid-19 restrictions. The scheme was introduced in May to alleviate the pressures on SMEs by ensuring that they will have…
An assessment of consumer spending on food outside the home, such as in restaurants, has found that the sector could fall in value by as much as €5 billion this year as a result of Covid-19. Bord Bia, the Irish Food Board, has published a paper which sets out the best and worst case scenarios…
Starting a small business in Ireland is an exciting prospect! However, keeping track of the financial side of the business can take a hit depending on personal knowledge and affinity. On our site, we show some interesting financial calculators which you can use regularly to help calculate various financial aspects for your business. 1. More…
Revenue has announced further measures to help companies with cashflow difficulties through the coronavirus crisis. The tax collector has suspended the charging of interest on late payments for May and June PAYE liabilities due in June and July from small and medium sized firms (SMEs) with turnover of less than €3m. It has also suspended…
Enterprise Ireland has a Business Response Unit, and in these times, it has been busy. Over 1,000 businesses have engaged with the unit since March, with 60% of those companies saying Covid-19 has had a very negative or critical impact on their business. Financial planning was listed as one of the key priorities identified by…
A new survey shows that with the country more or less in full lockdown, job losses soaring and incomes under pressure, consumer and business confidence both sank in April. The Bank of Ireland Economic Pulse came in at 34.3 in April, the lowest reading in its history. The index, which combines the results of the…
Our website has compiled a toolkit from various local and international institutions and organizations to help you find what you need: Latest updates: Keep track of COVID-19 updates on cases and modeling data per county. Revenue created measures to assist SMEs with regards to taxation and subsidies, helping taxpayers and agents to comply with tax…